This is somewhat of a "things that make you go hmmmmmm" exercise, but lets examine this 1356 number for a second here. The S&P 500 hit 1356 Wednesday and put on the brakes and reversed down to 1341 in a possible terminal top move.

1356 actually has fibonacci relationships. If we take the last major rally, which was from the Summer 2010 lows:
1010-1370 (May 2011 highs)
360 points
.786 of 360 is 283 points
Take 283, add it to the 1074 October lows ... you got 1356/57

European stocks and the euro fell as leaders remained divided over a Greek rescue and Moody’s Investors Service said it may downgrade global banks. U.S. equities were little changed after jobless claims fell to a four-year low and housing starts topped forecasts.

The Stoxx Europe 600 Index lost 0.4 percent, led by banks, at 9:30 a.m. in New York. The Standard & Poor’s 500 Index drifted between gains and losses near 1,343. The euro dipped below $1.30 for the first time since Jan. 25. The Markit iTraxx SovX Western Europe Index of credit-default swaps on 15 governments rose for a seventh day, its longest run of increases since November 2010. The S&P GSCI gauge of 24 commodities was little changed.

U.S. stocks fell as concern grew that Greece was moving closer to default and Federal Reserve minutes showed policy makers were divided on buying more assets.

Apple Inc. (AAPL) dropped 0.4 percent, reversing a 3.3 percent rally, amid reports that the company has pulled its iPad from Amazon.com Inc. in China. Deere & Co. (DE), the largest maker of agricultural equipment, fell 4.1 percent after lowering its forecast for U.S. farmer revenue. Comcast Corp. (CMCSA), the largest U.S. cable company, rallied 5 percent after authorizing a $6.5 billion buyback as profit jumped 26 percent.

The E-Mini S&P 500 again has backed off from the $1353.00 zone. The market has risen without a great deal of substance as the US recovery is slow and the Eurozone crisis is far from over. Monday, US Retail Sales increased by 0.4 % in January after a flat December. The disappointing report may have been partly due to the auto industry's lackluster sales. Business Inventories, tracks the dollar amount of inventories held by retailers, wholesalers and manufacturers across the nation, had a 0.4% increase in stockpiles after a 0.3% reading last month. Analysts had forecast 0.5%.